Savings Plan and Future Cost Estimation for South Dakota State University

How much will it cost and what do you need to save?

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$86,041
Monthly savings required$680

How much will it cost to send your child to South Dakota State University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $344,163.81 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $680.00 into a 529 or other college savings plan earning and after tax or tax exempt return of 7% will be necessary to achieve this balance.

Assumptions

Current Annual Cost$22,934.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $680.00 $0.00 $0.00 $680.00
2 $680.00 $680.00 $0.00 $3.84 $1,363.84
3 $1,363.84 $680.00 $0.00 $7.71 $2,051.55
4 $2,051.55 $680.00 $0.00 $11.60 $2,743.15
5 $2,743.15 $680.00 $0.00 $15.51 $3,438.66
6 $3,438.66 $680.00 $0.00 $19.44 $4,138.10
7 $4,138.10 $680.00 $0.00 $23.40 $4,841.50
8 $4,841.50 $680.00 $0.00 $27.37 $5,548.87
9 $5,548.87 $680.00 $0.00 $31.37 $6,260.24
10 $6,260.24 $680.00 $0.00 $35.40 $6,975.64
11 $6,975.64 $680.00 $0.00 $39.44 $7,695.08
12 $7,695.08 $680.00 $0.00 $43.51 $8,418.59
13 $8,418.59 $680.00 $0.00 $47.60 $9,146.19
14 $9,146.19 $680.00 $0.00 $51.71 $9,877.90
15 $9,877.90 $680.00 $0.00 $55.85 $10,613.75
16 $10,613.75 $680.00 $0.00 $60.01 $11,353.76
17 $11,353.76 $680.00 $0.00 $64.20 $12,097.96
18 $12,097.96 $680.00 $0.00 $68.40 $12,846.36
19 $12,846.36 $680.00 $0.00 $72.64 $13,599.00
20 $13,599.00 $680.00 $0.00 $76.89 $14,355.89
21 $14,355.89 $680.00 $0.00 $81.17 $15,117.06
22 $15,117.06 $680.00 $0.00 $85.47 $15,882.53
23 $15,882.53 $680.00 $0.00 $89.80 $16,652.33
24 $16,652.33 $680.00 $0.00 $94.15 $17,426.48
25 $17,426.48 $680.00 $0.00 $98.53 $18,205.01
26 $18,205.01 $680.00 $0.00 $102.93 $18,987.94
27 $18,987.94 $680.00 $0.00 $107.36 $19,775.30
28 $19,775.30 $680.00 $0.00 $111.81 $20,567.11
29 $20,567.11 $680.00 $0.00 $116.29 $21,363.40
30 $21,363.40 $680.00 $0.00 $120.79 $22,164.19
31 $22,164.19 $680.00 $0.00 $125.32 $22,969.51
32 $22,969.51 $680.00 $0.00 $129.87 $23,779.38
33 $23,779.38 $680.00 $0.00 $134.45 $24,593.83
34 $24,593.83 $680.00 $0.00 $139.06 $25,412.89
35 $25,412.89 $680.00 $0.00 $143.69 $26,236.58
36 $26,236.58 $680.00 $0.00 $148.35 $27,064.93
37 $27,064.93 $680.00 $0.00 $153.03 $27,897.96
38 $27,897.96 $680.00 $0.00 $157.74 $28,735.70
39 $28,735.70 $680.00 $0.00 $162.48 $29,578.18
40 $29,578.18 $680.00 $0.00 $167.24 $30,425.42
41 $30,425.42 $680.00 $0.00 $172.03 $31,277.45
42 $31,277.45 $680.00 $0.00 $176.85 $32,134.30
43 $32,134.30 $680.00 $0.00 $181.69 $32,995.99
44 $32,995.99 $680.00 $0.00 $186.56 $33,862.55
45 $33,862.55 $680.00 $0.00 $191.46 $34,734.01
46 $34,734.01 $680.00 $0.00 $196.39 $35,610.40
47 $35,610.40 $680.00 $0.00 $201.35 $36,491.75
48 $36,491.75 $680.00 $0.00 $206.33 $37,378.08
49 $37,378.08 $680.00 $0.00 $211.34 $38,269.42
50 $38,269.42 $680.00 $0.00 $216.38 $39,165.80
51 $39,165.80 $680.00 $0.00 $221.45 $40,067.25
52 $40,067.25 $680.00 $0.00 $226.55 $40,973.80
53 $40,973.80 $680.00 $0.00 $231.67 $41,885.47
54 $41,885.47 $680.00 $0.00 $236.83 $42,802.30
55 $42,802.30 $680.00 $0.00 $242.01 $43,724.31
56 $43,724.31 $680.00 $0.00 $247.22 $44,651.53
57 $44,651.53 $680.00 $0.00 $252.47 $45,584.00
58 $45,584.00 $680.00 $0.00 $257.74 $46,521.74
59 $46,521.74 $680.00 $0.00 $263.04 $47,464.78
60 $47,464.78 $680.00 $0.00 $268.37 $48,413.15
61 $48,413.15 $680.00 $0.00 $273.73 $49,366.88
62 $49,366.88 $680.00 $0.00 $279.13 $50,326.01
63 $50,326.01 $680.00 $0.00 $284.55 $51,290.56
64 $51,290.56 $680.00 $0.00 $290.00 $52,260.56
65 $52,260.56 $680.00 $0.00 $295.49 $53,236.05
66 $53,236.05 $680.00 $0.00 $301.00 $54,217.05
67 $54,217.05 $680.00 $0.00 $306.55 $55,203.60
68 $55,203.60 $680.00 $0.00 $312.13 $56,195.73
69 $56,195.73 $680.00 $0.00 $317.74 $57,193.47
70 $57,193.47 $680.00 $0.00 $323.38 $58,196.85
71 $58,196.85 $680.00 $0.00 $329.05 $59,205.90
72 $59,205.90 $680.00 $0.00 $334.76 $60,220.66
73 $60,220.66 $680.00 $0.00 $340.50 $61,241.16
74 $61,241.16 $680.00 $0.00 $346.27 $62,267.43
75 $62,267.43 $680.00 $0.00 $352.07 $63,299.50
76 $63,299.50 $680.00 $0.00 $357.90 $64,337.40
77 $64,337.40 $680.00 $0.00 $363.77 $65,381.17
78 $65,381.17 $680.00 $0.00 $369.67 $66,430.84
79 $66,430.84 $680.00 $0.00 $375.61 $67,486.45
80 $67,486.45 $680.00 $0.00 $381.58 $68,548.03
81 $68,548.03 $680.00 $0.00 $387.58 $69,615.61
82 $69,615.61 $680.00 $0.00 $393.62 $70,689.23
83 $70,689.23 $680.00 $0.00 $399.69 $71,768.92
84 $71,768.92 $680.00 $0.00 $405.79 $72,854.71
85 $72,854.71 $680.00 $0.00 $411.93 $73,946.64
86 $73,946.64 $680.00 $0.00 $418.11 $75,044.75
87 $75,044.75 $680.00 $0.00 $424.31 $76,149.06
88 $76,149.06 $680.00 $0.00 $430.56 $77,259.62
89 $77,259.62 $680.00 $0.00 $436.84 $78,376.46
90 $78,376.46 $680.00 $0.00 $443.15 $79,499.61
91 $79,499.61 $680.00 $0.00 $449.50 $80,629.11
92 $80,629.11 $680.00 $0.00 $455.89 $81,765.00
93 $81,765.00 $680.00 $0.00 $462.31 $82,907.31
94 $82,907.31 $680.00 $0.00 $468.77 $84,056.08
95 $84,056.08 $680.00 $0.00 $475.27 $85,211.35
96 $85,211.35 $680.00 $0.00 $481.80 $86,373.15
97 $86,373.15 $680.00 $0.00 $488.37 $87,541.52
98 $87,541.52 $680.00 $0.00 $494.97 $88,716.49
99 $88,716.49 $680.00 $0.00 $501.62 $89,898.11
100 $89,898.11 $680.00 $0.00 $508.30 $91,086.41
101 $91,086.41 $680.00 $0.00 $515.02 $92,281.43
102 $92,281.43 $680.00 $0.00 $521.77 $93,483.20
103 $93,483.20 $680.00 $0.00 $528.57 $94,691.77
104 $94,691.77 $680.00 $0.00 $535.40 $95,907.17
105 $95,907.17 $680.00 $0.00 $542.27 $97,129.44
106 $97,129.44 $680.00 $0.00 $549.18 $98,358.62
107 $98,358.62 $680.00 $0.00 $556.13 $99,594.75
108 $99,594.75 $680.00 $0.00 $563.12 $100,837.87
109 $100,837.87 $680.00 $0.00 $570.15 $102,088.02
110 $102,088.02 $680.00 $0.00 $577.22 $103,345.24
111 $103,345.24 $680.00 $0.00 $584.33 $104,609.57
112 $104,609.57 $680.00 $0.00 $591.48 $105,881.05
113 $105,881.05 $680.00 $0.00 $598.67 $107,159.72
114 $107,159.72 $680.00 $0.00 $605.90 $108,445.62
115 $108,445.62 $680.00 $0.00 $613.17 $109,738.79
116 $109,738.79 $680.00 $0.00 $620.48 $111,039.27
117 $111,039.27 $680.00 $0.00 $627.83 $112,347.10
118 $112,347.10 $680.00 $0.00 $635.23 $113,662.33
119 $113,662.33 $680.00 $0.00 $642.66 $114,984.99
120 $114,984.99 $680.00 $0.00 $650.14 $116,315.13
121 $116,315.13 $680.00 $0.00 $657.66 $117,652.79
122 $117,652.79 $680.00 $0.00 $665.23 $118,998.02
123 $118,998.02 $680.00 $0.00 $672.83 $120,350.85
124 $120,350.85 $680.00 $0.00 $680.48 $121,711.33
125 $121,711.33 $680.00 $0.00 $688.17 $123,079.50
126 $123,079.50 $680.00 $0.00 $695.91 $124,455.41
127 $124,455.41 $680.00 $0.00 $703.69 $125,839.10
128 $125,839.10 $680.00 $0.00 $711.51 $127,230.61
129 $127,230.61 $680.00 $0.00 $719.38 $128,629.99
130 $128,629.99 $680.00 $0.00 $727.29 $130,037.28
131 $130,037.28 $680.00 $0.00 $735.25 $131,452.53
132 $131,452.53 $680.00 $0.00 $743.25 $132,875.78
133 $132,875.78 $680.00 $0.00 $751.30 $134,307.08
134 $134,307.08 $680.00 $0.00 $759.39 $135,746.47
135 $135,746.47 $680.00 $0.00 $767.53 $137,194.00
136 $137,194.00 $680.00 $0.00 $775.71 $138,649.71
137 $138,649.71 $680.00 $0.00 $783.95 $140,113.66
138 $140,113.66 $680.00 $0.00 $792.22 $141,585.88
139 $141,585.88 $680.00 $0.00 $800.55 $143,066.43
140 $143,066.43 $680.00 $0.00 $808.92 $144,555.35
141 $144,555.35 $680.00 $0.00 $817.34 $146,052.69
142 $146,052.69 $680.00 $0.00 $825.80 $147,558.49
143 $147,558.49 $680.00 $0.00 $834.32 $149,072.81
144 $149,072.81 $680.00 $0.00 $842.88 $150,595.69
145 $150,595.69 $680.00 $0.00 $851.49 $152,127.18
146 $152,127.18 $680.00 $0.00 $860.15 $153,667.33
147 $153,667.33 $680.00 $0.00 $868.86 $155,216.19
148 $155,216.19 $680.00 $0.00 $877.61 $156,773.80
149 $156,773.80 $680.00 $0.00 $886.42 $158,340.22
150 $158,340.22 $680.00 $0.00 $895.28 $159,915.50
151 $159,915.50 $680.00 $0.00 $904.19 $161,499.69
152 $161,499.69 $680.00 $0.00 $913.14 $163,092.83
153 $163,092.83 $680.00 $0.00 $922.15 $164,694.98
154 $164,694.98 $680.00 $0.00 $931.21 $166,306.19
155 $166,306.19 $680.00 $0.00 $940.32 $167,926.51
156 $167,926.51 $680.00 $0.00 $949.48 $169,555.99
157 $169,555.99 $680.00 $0.00 $958.69 $171,194.68
158 $171,194.68 $680.00 $0.00 $967.96 $172,842.64
159 $172,842.64 $680.00 $0.00 $977.28 $174,499.92
160 $174,499.92 $680.00 $0.00 $986.65 $176,166.57
161 $176,166.57 $680.00 $0.00 $996.07 $177,842.64
162 $177,842.64 $680.00 $0.00 $1,005.55 $179,528.19
163 $179,528.19 $680.00 $0.00 $1,015.08 $181,223.27
164 $181,223.27 $680.00 $0.00 $1,024.66 $182,927.93
165 $182,927.93 $680.00 $0.00 $1,034.30 $184,642.23
166 $184,642.23 $680.00 $0.00 $1,043.99 $186,366.22
167 $186,366.22 $680.00 $0.00 $1,053.74 $188,099.96
168 $188,099.96 $680.00 $0.00 $1,063.54 $189,843.50
169 $189,843.50 $680.00 $0.00 $1,073.40 $191,596.90
170 $191,596.90 $680.00 $0.00 $1,083.32 $193,360.22
171 $193,360.22 $680.00 $0.00 $1,093.29 $195,133.51
172 $195,133.51 $680.00 $0.00 $1,103.31 $196,916.82
173 $196,916.82 $680.00 $0.00 $1,113.40 $198,710.22
174 $198,710.22 $680.00 $0.00 $1,123.54 $200,513.76
175 $200,513.76 $680.00 $0.00 $1,133.73 $202,327.49
176 $202,327.49 $680.00 $0.00 $1,143.99 $204,151.48
177 $204,151.48 $680.00 $0.00 $1,154.30 $205,985.78
178 $205,985.78 $680.00 $0.00 $1,164.67 $207,830.45
179 $207,830.45 $680.00 $0.00 $1,175.10 $209,685.55
180 $209,685.55 $680.00 $0.00 $1,185.59 $211,551.14
181 $211,551.14 $680.00 $0.00 $1,196.14 $213,427.28
182 $213,427.28 $680.00 $0.00 $1,206.75 $215,314.03
183 $215,314.03 $680.00 $0.00 $1,217.42 $217,211.45
184 $217,211.45 $680.00 $0.00 $1,228.15 $219,119.60
185 $219,119.60 $680.00 $0.00 $1,238.93 $221,038.53
186 $221,038.53 $680.00 $0.00 $1,249.78 $222,968.31
187 $222,968.31 $680.00 $0.00 $1,260.70 $224,909.01
188 $224,909.01 $680.00 $0.00 $1,271.67 $226,860.68
189 $226,860.68 $680.00 $0.00 $1,282.70 $228,823.38
190 $228,823.38 $680.00 $0.00 $1,293.80 $230,797.18
191 $230,797.18 $680.00 $0.00 $1,304.96 $232,782.14
192 $232,782.14 $680.00 $0.00 $1,316.18 $234,778.32
193 $234,778.32 $680.00 $0.00 $1,327.47 $236,785.79
194 $236,785.79 $680.00 $0.00 $1,338.82 $238,804.61
195 $238,804.61 $680.00 $0.00 $1,350.24 $240,834.85
196 $240,834.85 $680.00 $0.00 $1,361.72 $242,876.57
197 $242,876.57 $680.00 $0.00 $1,373.26 $244,929.83
198 $244,929.83 $680.00 $0.00 $1,384.87 $246,994.70
199 $246,994.70 $680.00 $0.00 $1,396.54 $249,071.24
200 $249,071.24 $680.00 $0.00 $1,408.29 $251,159.53
201 $251,159.53 $680.00 $0.00 $1,420.09 $253,259.62
202 $253,259.62 $680.00 $0.00 $1,431.97 $255,371.59
203 $255,371.59 $680.00 $0.00 $1,443.91 $257,495.50
204 $257,495.50 $680.00 $0.00 $1,455.92 $259,631.42
205 $259,631.42 $680.00 $0.00 $1,467.99 $261,779.41
206 $261,779.41 $680.00 $0.00 $1,480.14 $263,939.55
207 $263,939.55 $680.00 $0.00 $1,492.35 $266,111.90
208 $266,111.90 $680.00 $0.00 $1,504.64 $268,296.54
209 $268,296.54 $680.00 $0.00 $1,516.99 $270,493.53
210 $270,493.53 $680.00 $0.00 $1,529.41 $272,702.94
211 $272,702.94 $680.00 $0.00 $1,541.90 $274,924.84
212 $274,924.84 $680.00 $0.00 $1,554.47 $277,159.31
213 $277,159.31 $680.00 $0.00 $1,567.10 $279,406.41
214 $279,406.41 $680.00 $0.00 $1,579.80 $281,666.21
215 $281,666.21 $680.00 $0.00 $1,592.58 $283,938.79
216 $283,938.79 $680.00 $0.00 $1,605.43 $286,224.22
217 $286,224.22 $680.00 $77,515.37 $1,618.35 $211,007.20
218 $211,007.20 $680.00 $0.00 $1,193.07 $212,880.27
219 $212,880.27 $680.00 $0.00 $1,203.66 $214,763.93
220 $214,763.93 $680.00 $0.00 $1,214.31 $216,658.24
221 $216,658.24 $680.00 $0.00 $1,225.02 $218,563.26
222 $218,563.26 $680.00 $0.00 $1,235.79 $220,479.05
223 $220,479.05 $680.00 $0.00 $1,246.62 $222,405.67
224 $222,405.67 $680.00 $0.00 $1,257.51 $224,343.18
225 $224,343.18 $680.00 $0.00 $1,268.47 $226,291.65
226 $226,291.65 $680.00 $0.00 $1,279.49 $228,251.14
227 $228,251.14 $680.00 $0.00 $1,290.57 $230,221.71
228 $230,221.71 $680.00 $0.00 $1,301.71 $232,203.42
229 $232,203.42 $680.00 $82,941.44 $1,312.91 $151,254.89
230 $151,254.89 $680.00 $0.00 $855.22 $152,790.11
231 $152,790.11 $680.00 $0.00 $863.90 $154,334.01
232 $154,334.01 $680.00 $0.00 $872.63 $155,886.64
233 $155,886.64 $680.00 $0.00 $881.41 $157,448.05
234 $157,448.05 $680.00 $0.00 $890.23 $159,018.28
235 $159,018.28 $680.00 $0.00 $899.11 $160,597.39
236 $160,597.39 $680.00 $0.00 $908.04 $162,185.43
237 $162,185.43 $680.00 $0.00 $917.02 $163,782.45
238 $163,782.45 $680.00 $0.00 $926.05 $165,388.50
239 $165,388.50 $680.00 $0.00 $935.13 $167,003.63
240 $167,003.63 $680.00 $0.00 $944.26 $168,627.89
241 $168,627.89 $680.00 $88,747.34 $953.45 $81,514.00
242 $81,514.00 $680.00 $0.00 $460.89 $82,654.89
243 $82,654.89 $680.00 $0.00 $467.34 $83,802.23
244 $83,802.23 $680.00 $0.00 $473.83 $84,956.06
245 $84,956.06 $680.00 $0.00 $480.35 $86,116.41
246 $86,116.41 $680.00 $0.00 $486.91 $87,283.32
247 $87,283.32 $680.00 $0.00 $493.51 $88,456.83
248 $88,456.83 $680.00 $0.00 $500.15 $89,636.98
249 $89,636.98 $680.00 $0.00 $506.82 $90,823.80
250 $90,823.80 $680.00 $0.00 $513.53 $92,017.33
251 $92,017.33 $680.00 $0.00 $520.28 $93,217.61
252 $93,217.61 $680.00 $0.00 $527.07 $94,424.68
253 $94,424.68 $0.00 $94,959.66 $533.89 -$1.09